If two quick oil change companies agree that one company will purchase locations in rural and suburban areas and the other company will purchase locations in the urban areas, this is an example of ________.
A) bid rigging
B) price fixing
C) output restrictions
D) market division
D) market division
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If this is an open economy, quantity of cars demanded domestically will be ________.
A. 80,000 B. 20,000 C. 60,000 D. 40,000
In the United States, the official poverty line is based on:
A. the price of housing. B. the price of clothing. C. the price of food. D. the average income of the lowest quartile of income earners.
What is the importance of measuring per capita GDP?
If a decrease in the growth rate of AD leads to a decrease in real GDP in the short run: a. the decrease in AD could have been correctly anticipated
b. the decrease in AD could have been than anticipated c. the decrease in AD would have been completely unanticipated. d. the decrease in AD could have been any of the above.